📋 Tender Overview
COMPANY NAME
The Portals SA
PROJECT NUMBER
15565-01
Category B projects have potential environmental and/or social impacts and risks that are less adverse than those of a Category A and which are generally limited to the project site, largely reversible and can be mitigated via measures that are readily available and feasible to implement in the context of the operation.
E&S CATEGORY tooltip
B
COUNTRY
Peru
SECTOR
Manufacturing
STATUS
Proposed
DISCLOSED DATE
09/19/2025
Projected date at which a project will be put forward for the Board of Executive Directors’ approval.
PROJECTED BOARD DATE tooltip
10/23/2025
APPROVAL DATE
N/A
SIGNED DATE
N/A
SPONSORING ENTITY
The Portals SA
INVESTMENT OPERATIONS DEPARTMENT CONTACT
Corporates Division
INVESTMENT TYPE
Loan
SYNDICATED AMOUNT
N/A
FINANCING AMOUNT
USD $ 50,000,000
CURRENCY
USD
Project scope and objective
Los Portales S.A. ( Los Portales ) is one of Peru’s leading companies in urban development and social housing. With a long track record in the sector, the company has established itself as a key player in reducing the housing deficit in the country, especially in middle- and low-income segments. This transaction marks Los Portales’ third collaboration with IDB Invest, which includes the issuance of a social bond in 2022.
The new project involves financing of up to the equivalent of US$50 million in Peruvian soles (PEN), structured in three tranches, two of which are directed to its subsidiary Los Portales Departamentos S.A.C. Tranche I consists of a Committed Working Capital Line of up to the equivalent of US$20 million in PEN, intended for land acquisition and development of apartment projects with green certification, focused on middle-income socioeconomic segments (B and C). Tranche II is a Committed Senior Loan of up to the equivalent of US$20 million in PEN for urban development and construction of social housing, primarily targeting middle- and low-income segments (C, D, and E). Finally, Tranche III is an Uncommitted Working Capital Line of up to the equivalent of US$10 million in PEN, with a similar use to Tranche I. This financing reinforces Los Portales’ commitment to sustainable and affordable housing access in Peru, contributing to improved quality of life for thousands of families.
